secwatch.observer — SEC 8-K summary
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Issuer:     Wayfair Inc. (W)
CIK:        0001616707
Form:       8-K
Filed at:   2025-10-28T23:59:59+00:00
Accession:  0001616707-25-000125
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wayfair Q3 revenue up 8.1% to $3.1B; Adjusted EBITDA margin 6.7% record ex-pandemic
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- Net revenue $3.1B (+8.1% YoY; +9% ex-Germany). US revenue $2.7B (+8.6%), international $389M (+4.6%).
- Net loss $99M (diluted EPS -$0.76); Non-GAAP adjusted diluted EPS $0.70. Adjusted EBITDA $208M (+70% YoY).
- Orders delivered 9.8M (+5.4% YoY); average order value $317 (vs $310). Active customers 21.2M (-2.3% YoY).
- LTM net revenue per active customer $578 (+6.1%). Reorder rate 80.1%. Free cash flow $93M.
- Cash and liquidity $1.7B; CEO cites 'substantial profitability flow through' from contribution margin and cost discipline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1616707/000161670725000125/0001616707-25-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1616707/000161670725000125/w-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001616707-25-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer